Interest Payment Date; Record Date. Interest on outstanding Notes will accrue at the rate of 10% per year and will be payable semi-annually in arrears on June 30 and December 31 of each year, commencing on June 30, 2016 (each, an “Interest Payment Date”). The Company will make each interest payment to the Holders of record on the immediately preceding June 15 and December 15 (each, a “Record Date”). Interest on the Notes will accrue from the date of original issuance or, if interest has already been paid, from the date it was most recently paid. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months.
Interest Payment Date; Record Date. Interest on outstanding Notes will accrue at the rate of 1% per annum prior to the fourth anniversary of the Issue Date and will be payable semi-annually in arrears on June 30 and December 31 of each year, commencing on June 30, 2016 (each, an “Interest Payment Date”), in all cases calculated in accordance with Section 4.01 of this Indenture. From and after the fourth anniversary of the Issue Date, interest on outstanding Notes will accrue at the rate of 12% per annum and will be payable semi-annually in arrears on each Interest Payment Date. All interest payments will be made as PIK Interest; provided, that, for any Notes that have not been converted into Common Shares in accordance with Article 13 prior to the Maturity Date, the final interest payment on the Maturity Date shall be made in cash. The Company will make each interest payment to the Holders of record on the immediately preceding June 15 and December 15 (each, a “Record Date”). Interest on the Notes will accrue from the date of original issuance or, if interest has already been paid, from the date it was most recently paid; provided, however, that solely for purposes of the accrual of interest, Additional Notes issued on any date after the Issue Date will be deemed to have been outstanding on the later of the Issue Date or, if interest has been paid on any Notes outstanding at the time such Additional Notes are issued, the most recent Interest Payment Date to which interest on outstanding Notes has been paid. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months.
Interest Payment Date; Record Date. Interest on outstanding Notes will accrue at the rate of 8.250% per year and will be payable semi- annually in arrears on May 1 and November 1 of each year, commencing on November 1, 2024 (each, an "Interest Payment Date"). Interest on overdue principal and interest will accrue at a rate that is 1% higher than the applicable interest rate on the Notes. The Company will make each interest payment to the Holders of record on the immediately preceding April 15 and October 15 (each, a "Record Date"). Interest on the Notes will accrue from the date of original issuance or, if interest has already been paid, from the date it was most recently paid. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months. Solely for the purposes of disclosure under the Interest Act (Canada), the yearly rate of interest to which the rate used in such computation is equivalent during any particular period is the rate so used multiplied by a fraction of which:
Interest Payment Date; Record Date. Interest on outstanding Notes will accrue at the rate of 12.000% per year and will be payable semi- annually in arrears on February15 and August 15 of each year, commencing on February 15, 2022 (each, an “Interest Payment Date”). Interest on overdue principal and interest will accrue at a rate that is 1.0% higher than the applicable interest rate on the Notes. The Company will make each interest payment to the Holders of record on the immediately preceding February 1 and August 1 (each, a “Record Date”). Interest on the Notes will accrue from the date of original issuance or, if interest has already been paid, from the date it was most recently paid. Interest will be computed by the Company on the basis of a 360-day year comprised of twelve 30-day months. Solely for the purposes of disclosure under the Interest Act (Canada) whenever any interest or any fee to be paid hereunder or in connection herewith is to be calculated on the basis of a 360, 365 or 366-day year, the yearly rate of interest to which the rate used in such calculation is equivalent during any particular period is the rate so used multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by 360, 365 or 366, as applicable. The rates of interest under the Indenture are nominal rates, and not effective rates or yields. The principle of deemed reinvestment of interest does not apply to any interest calculation under this Indenture. Each of Company and the Guarantors confirms that the foregoing methodology satisfies the requirements of Section 4 of the Interest Act (Canada) to the extent it applies to the expression or statement of any interest payable under the Notes and this Indenture. Each of Company and the Guarantors shall calculate the yearly rate or percentage of interest applicable to the Notes based upon such methodology for calculating per annum rates provided for under the Notes and this Indenture. Each of Company and the Guarantors covenants that it will not plead or assert, whether by way of defence or otherwise, in any proceeding relating to the Notes, that the interest payable thereunder and the calculation thereof has not been adequately disclosed to the Company and the Guarantors, whether pursuant to Section 4 of the Interest Act (Canada) or any other applicable law or legal principle.
Interest Payment Date; Record Date. Interest on outstanding Notes will accrue at the rate of 8.750% per year and will be payable semi-annually in arrears on June 15 and December 15 of each year, commencing on December 15, 2017 (each, an “Interest Payment Date”). The Company will make each interest payment to the Holders of record on the immediately preceding June 1 and December 1 (each, a “Record Date”). Interest on the Notes will accrue from the date of original issuance or, if interest has already been paid, from the date it was most recently paid. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months. Solely for the purposes of disclosure under the Interest Act (Canada), the yearly rate of interest to which the rate used in such computation is equivalent during any particular period is the rate so used multiplied by a fraction of which:
Interest Payment Date; Record Date. Interest on outstanding Notes shall accrue at the rate of 10.000% per year, subject to Sections 2.12 and 2.15, and shall be payable quarterly in arrears on January 15, April 15, July 15 and October 15 of each year, commencing on October 15, 2016 (each, an “Interest Payment Date”). The Company shall make each interest payment to the Holders of record on the immediately preceding January 1, April 1, July 1 and October 1, as applicable (each, a “Record Date”). Interest on the Notes shall accrue from the date of original issuance of the Notes or, if interest has already been paid, from the date it was most recently paid. Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months.
